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S. Korean President To Lead 51-Member Business Delegation To US

A 51-member delegation, including the heads of five largest business organizations in South Korea, will accompany President Park Geun-hye in her six-day tour of the United States beginning on Sunday, South Korean media reported on Friday citing officials.

"The largest economic delegation in the country's history partly seeks to wipe out any concerns about the country's economy that may have been raised by recent provocations from North Korea," the Yonhap news agency quoted an unnamed official of the Federation of Korean Industries (FKI) as saying.

The delegation includes FKI Chairman Huh Chang-soo, Korea Chamber of Commerce and Industry chief Sohn Kyung-shik, and Samsung Electronics Co. Chairman Lee Kun-hee. It will be the first time since 2004 for Lee to join an overseas trip by a South Korean President.

The delegation's engagements include an official dinner commemorating the 60th anniversary of the alliance between Seoul and Washington, and a meeting with their U.S. counterparts that will focus on ways to expand economic cooperation between the two countries.

The United States is South Korea's second-largest trading partner with bilateral trade reaching over $58.5 billion in 2012.

by RTTNews Staff Writer

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